RE: Drop?4 Dec 2023 17:47
As you say, Canaccord do not mention that, according to Simply Wall Steet, Future is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (10.7x).
Also, using their discounted cash flow model, Future is trading at 73.4% below their estimate of its fair value, where fair value = ยฃ31.77, compared to current market price (ยฃ8.46 at time of review).
Link: https://simplywall.st/stocks/gb/media/lse-futr/future-shares
As you say it looks like a weighted opinion to me that is aimed at benefiting companies that hold short positions. I wonder how much illegal activity is going on below the radar: should the FCA be looking into this, I wonder. After all, this is not the first time that they appear to have done this.
On Thursday Future should simply confirm the position that they have already disclosed to the market and any positive news on top of that will be a bonus. Any substantial negative news should already have been disclosed by the Directors.
Furthermore, Canaccord's "thin air" speculation doesn't give any air to the possibility that the company may be outperforming its peers.
Barrel of rotten apples, I think, the lot of them.
(all imho!).